Veritas Investments
One Bush Street, Suite 900, San Francisco, CA, 94104, United States
Overview
Veritas Investments is an experienced real estate investment manager that specializes in owning and operating mixed-use multifamily and retail properties in the San Francisco Bay Area. The company offers institutional and individual investors a vertically-integrated platform and a clearly defined investment strategy that focuses on acquiring classic, often architecturally distinctive properties in the area's most iconic neighborhoods, and then enhancing their income and value through building and management improvements. The company holds a track record for moving quickly on opportunities, executing efficiently on strategy, and delivering superior financial performance to investors while giving back to the community.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Commercial Real Estate
Investment portfolio
- Pillow
Participated · Equity · Jun 2017
Pillow provides short-term rental management services, helping hosts manage calendars, pricing, key handoffs and cleanings. The company launched Pillow Residential, a platform that gives multi-family building owners transparency into unit rentals, guest profiles, and background-checked cleaners while enabling owners to share in rental revenue and ensure regulatory compliance. Pillow developed the product to address customer churn caused by multi-family building owner crackdowns and increasing local short-term rental regulations. The platform is offered as a building amenity to reduce owners’ need to police rentals and to give renters peace of mind about continuing to rent legally. Pillow has enrolled more than 5,000 units across San Francisco, Oakland, Denver, Eugene, Salt Lake City, Louisville and Albuquerque, and works with owners including Marian Group, Virtu Investments and Peak Residential. The company announced $13.5 million in new funding led by Mayfield to support growth and expand Pillow Residential to more cities and buildings in the coming months. Pillow Homes (previously operating as Airenvy) provides technology-enabled management services for short-term rental homeowners. Its offering includes a proprietary pricing algorithm and booking engine, listing optimization and marketing, and end-to-end guest customer service. Local operations cover house cleaning and preparation, guest support, key exchange, and maintenance and repairs. The company offers a Pay-Per-Booking option charging homeowners a 15% fee on rental income—roughly half the rate of many competitors—and is introducing a Fixed-Income Guarantee model that provides homeowners a pre-determined monthly income. Pillow currently operates in San Francisco and the Bay Area, Sonoma, Napa Valley and Los Angeles. Management is led by CEO Sean Conway and President and Co-Founder Justin Miller.
Team
No current team members are available.